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Economics Exam Prep: Mock Test 28

Gains and Losses of an Exporting Country Multiple Choice Questions (MCQs) PDF Download - 28

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The MCQ: At the moment free trade is allowed in one's country the domestic prices equals to the "Gains & Losses of an Exporting Country" App (Free Android & iOS) with answers: marginal price, basic price, average price, and international price to learn free online courses. Study international trade questions and answers to improve problem solving skills for online classes for business management degree.

Gains & Losses of an Exporting Country MCQ Quiz with Answers PDF Download: Test 28

MCQ: 136

At the moment free trade is allowed in one's country the domestic prices equals to the

  1. basic price
  2. marginal price
  3. international price
  4. average price
MCQ: 137

Oligopolistic firms prefer not to compete via prices but with the other ways like

  1. advertising and barriers
  2. production and selling
  3. demand and supply
  4. cost of the product
MCQ: 138

The area that is below the demand curve but above the price is known as

  1. producer surplus
  2. producer shortage
  3. consumer surplus
  4. consumer shortage
MCQ: 139

A type of exchange rate that occurs when the government doesn't intervene but allows the value of the currency to be determined by market forces is known as

  1. fixed exchange rate
  2. quote currency
  3. floating exchange rate
  4. law of one price
MCQ: 140

A situation comes when buyers have bought whatever they desired for and sellers have sold out what they had is known to be as

  1. budget surplus
  2. market-clearing price
  3. budget deficit
  4. equilibrium

Gains & Losses of an Exporting Country Exam Prep: Economics App & eBook MCQs

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